Economic Impacts of Iran War
03-20-2026 | 07:20 PM
#321
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Bruh: “Iran is harmless. They’ll never go nuke”
Boomer: “You know that how?”
Bruh: “The Dow, down 22 points today”
03-20-2026 | 07:21 PM
#322
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So let's summarize for the moment, the current economic effects of the war and ask: who is benefiting?
American oil companies will also see their profits increase significantly. None of that, however, will be returned to consumers. Chevron execs will do very well from this whole quagmire.
Weapons manufacturers will all do quite well.
The American taxpayer, meanwhile, is now being asked to pony up an additional $200 BN, which will of course be rolled into the already catastrophic national debt. Overall inflation will absolutely increase (there is no way it can't, considering that the cost of oil directly affects so many of the goods that we buy.) Yet at the same time you'll see economic growth slow or reverse, because when gas goes to $10/gallon (as it might well do), consumer spending will absolutely take a hit.
So just to review:
Essentially what we're accomplishing is a wealth transfer from American consumers (and consumers in allied countries) to a couple of pretty terrible regimes, plus the execs and shareholders of a few very large companies (oil and defense, mostly). That flow of wealth will directly strengthen our adversaries.
American oil companies will also see their profits increase significantly. None of that, however, will be returned to consumers. Chevron execs will do very well from this whole quagmire.
Weapons manufacturers will all do quite well.
The American taxpayer, meanwhile, is now being asked to pony up an additional $200 BN, which will of course be rolled into the already catastrophic national debt. Overall inflation will absolutely increase (there is no way it can't, considering that the cost of oil directly affects so many of the goods that we buy.) Yet at the same time you'll see economic growth slow or reverse, because when gas goes to $10/gallon (as it might well do), consumer spending will absolutely take a hit.
So just to review:
Essentially what we're accomplishing is a wealth transfer from American consumers (and consumers in allied countries) to a couple of pretty terrible regimes, plus the execs and shareholders of a few very large companies (oil and defense, mostly). That flow of wealth will directly strengthen our adversaries.
03-20-2026 | 07:34 PM
#323
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From: Guppy Gear Slinger
03-20-2026 | 07:42 PM
#324
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So let's summarize for the moment, the current economic effects of the war and ask: who is benefiting?
Crude oil has nearly doubled in cost, thereby pumping significantly more revenue into the coffers of .. Russia and Iran. Some of the added dollars you pay at the pump, are directly funding those regimes. And now that we're lifting sanctions on Russian oil (with SecTreas contemplating doing the same to Iranian oil), we're helping our enemies earn even more money, with which to buy more weapons and strengthen their own military capabilities.
American oil companies will also see their profits increase significantly. None of that, however, will be returned to consumers. Chevron execs will do very well from this whole quagmire.
Weapons manufacturers will all do quite well.
The American taxpayer, meanwhile, is now being asked to pony up an additional $200 BN , which will of course be rolled into the already catastrophic national debt. Overall inflation will absolutely increase (there is no way it can't, considering that the cost of oil directly affects so many of the goods that we buy.) Yet at the same time you'll see economic growth slow or reverse, because when gas goes to $10/gallon (as it might well do), consumer spending will absolutely take a hit.
For those of you who remember the late 70s, that's what stagflation was. Rising prices coupled with a shrinking economy and rising unemployment. The last time stagflation happened, it was triggered by an oil shock created by OPEC. This time -- it'll be entirely our own doing. A rather stunning "own goal." Bravo!!
So just to review:
Essentially what we're accomplishing is a wealth transfer from American consumers (and consumers in allied countries) to a couple of pretty terrible regimes, plus the execs and shareholders of a few very large companies (oil and defense, mostly). That flow of wealth will directly strengthen our adversaries.
So much winning!
Crude oil has nearly doubled in cost, thereby pumping significantly more revenue into the coffers of .. Russia and Iran. Some of the added dollars you pay at the pump, are directly funding those regimes. And now that we're lifting sanctions on Russian oil (with SecTreas contemplating doing the same to Iranian oil), we're helping our enemies earn even more money, with which to buy more weapons and strengthen their own military capabilities.
American oil companies will also see their profits increase significantly. None of that, however, will be returned to consumers. Chevron execs will do very well from this whole quagmire.
Weapons manufacturers will all do quite well.
The American taxpayer, meanwhile, is now being asked to pony up an additional $200 BN , which will of course be rolled into the already catastrophic national debt. Overall inflation will absolutely increase (there is no way it can't, considering that the cost of oil directly affects so many of the goods that we buy.) Yet at the same time you'll see economic growth slow or reverse, because when gas goes to $10/gallon (as it might well do), consumer spending will absolutely take a hit.
For those of you who remember the late 70s, that's what stagflation was. Rising prices coupled with a shrinking economy and rising unemployment. The last time stagflation happened, it was triggered by an oil shock created by OPEC. This time -- it'll be entirely our own doing. A rather stunning "own goal." Bravo!!
So just to review:
Essentially what we're accomplishing is a wealth transfer from American consumers (and consumers in allied countries) to a couple of pretty terrible regimes, plus the execs and shareholders of a few very large companies (oil and defense, mostly). That flow of wealth will directly strengthen our adversaries.
So much winning!
03-20-2026 | 08:01 PM
#325
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03-20-2026 | 08:20 PM
#326
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Cuba refuses to let US Embassy in Havana import diesel for its generators
WASHINGTON (AP) — The Cuban government has refused a request by the U.S. Embassy in Havana to allow it to import diesel for its generators while the Trump administration continues to impose a fuel blockade on the island, two U.S. officials familiar with the matter said Friday.
The government turned down the request as the U.S. State Department has been weighing a reduction in staffing at the embassy in the Cuban capital of Havana because of the lack of diesel. Such a move would likely lead to a U.S. demand for a similar reduction in staffing at the Cuban Embassy in Washington, say the officials, who spoke on condition of anonymity to discuss the sensitive matter.
The Cuban government rejection was first reported by The Washington Post.
The White House, State Department and Cuban Embassy in Washington did not immediately respond to requests for comment.
Cuba has struggled with dwindling oil since the U.S. removed Venezuela’s leader, halting critical petroleum shipments from the nation that had been a steadfast ally to Havana. President Donald Trump then threatened tariffs on any country selling or supplying Cuba with oil.
WASHINGTON (AP) — The Cuban government has refused a request by the U.S. Embassy in Havana to allow it to import diesel for its generators while the Trump administration continues to impose a fuel blockade on the island, two U.S. officials familiar with the matter said Friday.
The government turned down the request as the U.S. State Department has been weighing a reduction in staffing at the embassy in the Cuban capital of Havana because of the lack of diesel. Such a move would likely lead to a U.S. demand for a similar reduction in staffing at the Cuban Embassy in Washington, say the officials, who spoke on condition of anonymity to discuss the sensitive matter.
The Cuban government rejection was first reported by The Washington Post.
The White House, State Department and Cuban Embassy in Washington did not immediately respond to requests for comment.
Cuba has struggled with dwindling oil since the U.S. removed Venezuela’s leader, halting critical petroleum shipments from the nation that had been a steadfast ally to Havana. President Donald Trump then threatened tariffs on any country selling or supplying Cuba with oil.
Cuba readies for first Russian oil shipment of the year as energy crisis deepens
Any one of these events would be newsworthy in a normal year, in 2026 they happen and get sidelined lol.
03-20-2026 | 08:25 PM
#327
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From: Guppy Gear Slinger
03-20-2026 | 08:30 PM
#328
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Doesn’t matter if it’s DA, or proxy.
If you weren’t irritated by the billions we approved for the Ukraine conflict as well as the higher gas prices, “then there’s no point in engaging with you”
03-20-2026 | 08:42 PM
#329
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Joined: Mar 2014
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JetA continues to spiral, at that cost take what your airline spent in 2025 on fuel and double it. I suspect we will see some service curtailments soon.
Edit: Kirby cuts 5% of flights in first salvo
United Airlines Planning to Cut Flights Amid Soaring Oil Prices
Edit: Kirby cuts 5% of flights in first salvo
United Airlines Planning to Cut Flights Amid Soaring Oil Prices
Last edited by Name User; 03-20-2026 at 09:13 PM.
03-20-2026 | 09:13 PM
#330
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